Flutter Entertainment plc Announces Launch of Second Tranche of Share Repurchase Program

Core Viewpoint - Flutter Entertainment plc has announced a share repurchase program with a maximum consideration of up to $300 million, aimed at reducing its share capital [1][2]. Group 1: Share Buyback Details - The buyback will commence on April 1, 2025, and conclude no later than June 30, 2025 [2]. - This buyback is part of a multi-year share repurchase program totaling up to$5 billion, with an expected return of approximately 1 billion to shareholders in 2025 [2][3]. - Goldman Sachs & Co. LLC will execute the buyback independently, with a maximum acquisition of 17,739,905 ordinary shares, adjusted for shares bought in the first tranche [3]. Group 2: Regulatory Compliance - The buyback will adhere to U.S. Securities Exchange Act rules and EU Market Abuse Regulation [4]. - Repurchased shares will be cancelled following the buyback [4]. Group 3: Company Overview - Flutter is a leading online sports betting and iGaming operator, with a significant market presence in the U.S. and globally [7]. - The company reported 14,048 million in global revenue for fiscal 2024, reflecting a 19% year-over-year increase [9].